ReportsWeb.com published “Container and Packaging Global Market” from its database. This report Strategic recommendations in key business segments based on the market estimations. This report Supply chain trends mapping the latest technological advancemen

(EMAILWIRE.COM, June 19, 2017 ) According to Publisher, the Global Container and Packaging market is expected to grow from $580.14 billion in 2015 to reach $740.18 billion by 2022 with a CAGR of 3.5%. Increase in customer preference and high preference towards processed and packaged foods are the key factors driving the market growth. Gaining importance of sustainable packaging is the major market trend. The high initial capital investment is the major challenge that is hampering the market growth.

Corrugated containers and packaging segment is estimated to grow at rapid pace during forecast period due to its lightweight and biodegradable nature. Furthermore, the elastic nature of these boxes makes them suitable to use which will drive the growth prospects for this market in the future. Asia Pacific is witnessing the largest share in the market during the forecast period due to rising demand for ease foods and labelled products and increased demand for dairy products in developing countries like India and China.